Friday, March 22, 2013

Trend continuous up

Today, we received confirmation for this leg up that started after our accurate prediction a week ago (March 15) of the recent short-term low 1,537 on $SPX that occurred on March 19 (1,538.57-actual).

Our model, as presented on Saturday March 16, calls for a short term target of 1,610-1,620 on $SPX.

A daily close below 1,537 would invalidate this scenario and suggest that the market rolled-over to the down-side 


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